Angel Gardens in Manchester (Caddick Construction)
Caddick Construction has taken over one of Carillion’s biggest private construction contracts, within two weeks of the firm’s collapse.
The £154m Angel Gardens scheme in Manchester is a build-to-rent (BTR) joint venture between investor Apache Capital and developer Moda.
Caddick, a sister company of Moda, will directly hire 20 former Carillion employees as part of the deal.
The contractor said the move will also save around 500 jobs on site and protect 30 subcontractors previously working under Carillion before it entered liquidation on 15 January.
Moda and Apache Capital said that the “contingency plans” were put in place since last summer and the appointment of Caddick “ensures there will be no material impact on the project’s cost or time frame of delivery”.
Caddick will act as construction manager and coordinate existing subcontractors across the 35-storey, 466-home BTR project.
Carillion started work on Angel Gardens in January 2016.
Richard Jackson, managing director and co-founder of Apache Capital, said: “It was critical that, as soon as we became aware of financial difficulties of Carillion in summer 2017, we implemented our contingency plans.
“As a result, no loss of money or time will be suffered, job security is ensured to former Carillion staff, financial security on this project is secured for our subcontractors and onsite works have recommenced within two weeks to minimise delays and we will continue to deliver the project within budget.
“Given the adverse circumstances this is a phenomenal effort by the wider team and underpins the quality of our partnership with Moda and Caddick Construction.”
Andrew Parker, director of projects at Moda, said: “We have had contingency plans in place for some time and wanted to prioritise saving jobs, as we hugely appreciate the critical role played by the main subcontractors and small businesses that support major projects.
“We have always remained close to the key sub-contractors and suppliers throughout the process and this has proved to be an essential part of the solution to keeping Angel Gardens on track.”
